Top News
Asia Capital Lends $78.5Mln Against Detroit Apartments
Asia Capital Real Estate has provided $78.5 million of financing against the 288-unit City Club Detroit apartment property in downtown Detroit. The six-story complex, which is expected to open to tenants next month, is being developed by City Club Apartments...
Suburban Chicago Warehouse Sells for $50.3Mln
REBusiness Online Hillwood Development Co. has acquired the 879,040-square-foot Bailly Ridge 4 warehouse in Monee, Ill., about 38 miles south of Chicago, for $50.3 million, or $57.22/sf. The Dallas developer bought the industrial property, at 25810 South Ridgeland Ave., from...
Construction Begins on Industrial Project in Winston-Salem, N.C.
Triad Business Journal Front Street Capital has started work on the first building in the Park at 74 industrial development in Winston-Salem, N.C. The 250,000-square-foot building, which is being developed on a speculative basis, will sit on the west side...
3-Building Mixed-Use Project Proposed for Miami
South Florida Business Journal Companies managed by Marina Kessler and Gustavo Lumer of Sunny Isles Beach, Fla., have proposed building a mixed-use project in Miami. The project is being planned for a 7.9-acre site at 2375 NE 186th St., just...
Southwood Realty Acquires S.C. Apartment Complex for $51.3Mln
Charlotte Business Journal Southwood Realty has bought Gateway at Rock Hill, a 312-unit apartment property in Rock Hill, S.C., for $51.3 million, or about $164,423/unit. The Gastonia, N.C., company acquired the complex, at 820 Sebring Drive, from Graycliff Capital Partners...
Industrial Facility in Temecula, Calif., Fetches $14Mln
REBusiness Online MCA Realty has sold the 131,577-square-foot Diaz Commerce Center in Temecula, Calif., to an undisclosed local investor for $14 million, or $106.40/sf. MCA, of Santa Ana, Calif., had acquired the two-building property, at 27711 Diaz Road, in...
Vornado Stops Effort to Sell Manhattan, San Francisco Office Buildings
Vornado Realty Trust, which owns a 70 percent stake in 1290 Avenue of the Americas in midtown Manhattan and 555 California St. in San Francisco, has pulled its interests off the sales market, according to a report in the...
100-Unit Apartment Property in Kent, Wash., Sells for $24.5Mln
Multi Housing News Odyssey Properties and L5 Investments have completed the purchase of Arbor Chase, a 100-unit apartment property in Kent, Wash., for $24.5 million, or $245,000/unit. LivCor, a Chicago subsidiary of Blackstone Group, sold the property, at 1615...
Glendale, Ariz., Apartment Community Sells for $55Mln
Multi Housing News S2 Capital LLC has acquired the 408-unit Jerome Apartments in Glendale, Ariz., for $55 million, or $134,804/unit. The Addison, Texas, company funded the acquisition with a three-year, $47.2 million loan from Benefit Street Partners. An undisclosed...
Quebec-Based Company Buys 100,000-SF Industrial Property Near Fort Worth, Texas
Dallas Morning News Ferti Management Corp. has bought a 100,000-square-foot industrial property at 100 East FM 2449 in Ponder, Texas, about 32 miles north of Fort Worth, Texas. The St. Michel, Quebec, company is a maker of fertilizers and...
